Ally Financial Inc. (NYSE:ALLY) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its stake in shares of Ally Financial Inc. (NYSE:ALLY – Get Rating) by 21.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,254 shares of the financial services provider’s stock after selling 3,980 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Ally Financial were worth $396,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA increased its position in Ally Financial by 99.8% during the third quarter. Private Trust Co. NA now owns 891 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 445 shares during the last quarter. Syverson Strege & Co acquired a new stake in shares of Ally Financial in the second quarter worth $26,000. Denali Advisors LLC acquired a new stake in shares of Ally Financial in the third quarter worth $28,000. Salem Investment Counselors Inc. increased its position in shares of Ally Financial by 115.0% in the first quarter. Salem Investment Counselors Inc. now owns 645 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 345 shares in the last quarter. Finally, Tobam acquired a new stake in shares of Ally Financial in the second quarter worth $32,000. Institutional investors and hedge funds own 90.35% of the company’s stock.

Ally Financial Trading Down 2.9 %

Ally Financial stock opened at $31.36 on Wednesday. The firm’s 50-day moving average is $25.90 and its 200-day moving average is $29.39. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.87 and a current ratio of 0.88. Ally Financial Inc. has a 1 year low of $22.34 and a 1 year high of $51.05. The company has a market cap of $9.37 billion, a P/E ratio of 6.31 and a beta of 1.27.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Wednesday, February 1st will be given a $0.30 dividend. The ex-dividend date is Tuesday, January 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.83%. Ally Financial’s payout ratio is currently 24.14%.

Wall Street Analyst Weigh In

ALLY has been the subject of several recent research reports. StockNews.com lowered shares of Ally Financial from a “hold” rating to a “sell” rating in a research report on Monday, December 5th. Raymond James lowered shares of Ally Financial from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 6th. Wells Fargo & Company decreased their target price on shares of Ally Financial from $22.00 to $20.00 and set an “underweight” rating for the company in a research note on Tuesday, January 3rd. Morgan Stanley upped their target price on shares of Ally Financial from $19.00 to $22.00 and gave the company an “underweight” rating in a research note on Monday. Finally, Credit Suisse Group decreased their target price on shares of Ally Financial from $36.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $35.08.

Ally Financial Company Profile

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Ally Financial, Inc is a holding company, which provides digital financial services to consumers, businesses, automotive dealers, and corporate clients. It operates through the following segments: Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations.